Photo credit: Gage Skidmore/CC BY-SA 2.0, via Flickr Gov. Ron DeSantis (R-FL) defends new legislation to ban "woke" ESG banking in the state of Florida. Environmental, Social, and Governance (ESG) investing is a trend that has gained popularity in recent years, particularly in the banking industry. ESG investing focuses on considering a company's impact on the environment, its treatment of employees and other stakeholders, and its governance practices when making investment decisions. The goal of ESG investing is to align an investors' values with their investments and to promote sustainable and responsible business practices. However, not everyone is in favor of ESG investing. Governor DeSantis of Florida, for example, has raised concerns about the performance and cost of ESG investments. He argues that these investments may not be performing well and that they come with a higher cost. This, in turn, leads to higher energy costs and an increased cost of goods,
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